Sequential Volume Improvement
Achieved fourth consecutive quarter of sequential volume improvement, with overall volumes growing by 2.3%.
Return to Sales Growth
Reported a return to sales growth with net sales of $3.2 billion, slightly ahead of last year.
Adjusted EBIT and EPS Growth
Adjusted EBIT and EPS both increased by 5% on a comparable basis.
Merger with Berry Global
Progress on the merger with Berry Global is well advanced, with expected synergies of $650 million and significant cash EPS accretion of over 35%.
Safety Achievements
Achieved an industry-leading total recordable incident rate of 0.30 with 79% of sites injury-free for more than a year.
Strong Cash Flow and Debt Reduction
Generated an inflow of more than $350 million in cash flow in the second quarter, leading to a reduction in net debt by approximately $375 million.